Yellen Tells White House She'll Stay as Treasury Chief Past Midterms

Source: American Banker and Bloomberg News

Janet Yellen, eager to see through crucial projects, has told White House officials she's prepared to remain Treasury secretary well after the midterm elections, according to people familiar with the discussions.

Her desire to stay comes as White House staff begin to prepare for potential Cabinet and other senior personnel departures or changes — including on President Biden's economic team — after the November vote. People familiar with the matter characterized those discussions as preliminary and not guided by any expectation for specific departures.